Fortitude sold $8.3 million of borrowed ZEC ahead of 9,000 rigs that equal a quarter of Zcash's hash rate
Fortitude Mining sold 5,790 borrowed ZEC for about $8.3 million to fund its Zcash mining expansion. Repayment is in dollars, so no buyback is due, and its 9,000 rigs would add about 25% to network hash rate at nameplate.
Reality
- Evidence58
- Adoption
- Not scored
- Hype gap+15
- Incentives55
- Confidence55
Binance will close its bitcoin mining pool on Nov. 10 after its hashrate fell about 65% to roughly 9.2 EH/s, leaving miners four weeks to move. Foundry USA, AntPool and F2Pool hold 64.2% of hashrate, and the 9.2 EH/s left is under 1% of it.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence68
Binance will shut Binance Pool at 07:00 UTC on Nov. 10, 2026, 28 days after announcing the closure on Oct. 13. Hashrate sent afterward is not accepted and shares are not credited, so every rig needs a new pool by then.
Perspective Coverage
6 publishers
- Builder
- Builder 22%
- Operator
- Operator 45%
- Investor
- Investor 33%
Reality
- Evidence78
- Adoption
- Not scored
- Hype gap+20
- Incentives
- Not scored
- Confidence75
Returning hashrate and a possible drop to $80,000 both threaten bitcoin miners' hashprice rebound
Bitcoin miners' daily revenue rose 78% to about $48 million as the coin rebounded 45% from its July low, according to CryptoQuant. A slip to $80,000 alone would cut hashprice by under 4%; the bigger risk is the 13% of peak hashrate still offline.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence55
Top three bitcoin mining countries cede 0.8 points of hashrate share to the rest of the world
Hashrate Index puts the US, Russia and China at 65.4% of bitcoin hashrate, down from 66.2%, as Russia gained 8 EH/s and the US lost 10. Russia took back most of what the US lost, so mining is about as concentrated by country as it was in June.
Reality
- Evidence50
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence55
Core Scientific paid $41.9 million to cancel 15 exahashes of new mining chips
With CoinShares putting the second-quarter cash cost of a bitcoin at about $75,500 against a $58,400 price, public miners are switching off rigs they own and paying cash to cancel the ones they ordered.
Reality
- Evidence48
- Adoption71
- Hype gap+14
- Incentives63
- Confidence54
Hyperscale Data reprices Dowagiac's power at $3 million a megawatt-year
Dowagiac's bitcoin miners went dark on September 1 so that 20 megawatts could be leased to an unnamed California neocloud at roughly $3 million per megawatt-year. The customer's cash in the door so far is $10.6 million.
Reality
- Evidence40
- Adoption30
- Hype gap+58
- Incentives75
- Confidence38